Keating: A new “American Motors” isn’t the answer

When I was a young kid, my family drove a white Rambler station wagon. Ramblers were made by the American Motors Corp.. Some might ask: Who?
American Motors ceased to exist when it was absorbed by Chrysler in 1987. Chrysler’s chief executive Lee Iacocca particularly wanted AMC’s Jeep line.
It looks like President Barack Obama has a ...

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16 comments

Later I got to know the word“dormitory”. In AE it means one building, whereas it means one room in British English（BE）.The New Zealander misunderstood me because she spoke New Zealander English（NE）, which, as we know, is much related to BE.

Nowadays, not a few English learners, who try to catch up with the fashion, choose to speak AE.Yet, the problem is that they cannot speak pure AE, but half AE and half BE instead.I think it necessary to keep one style in order to avoid misunderstanding.

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“U.S. consumers and taxpayers do not need a new kind of American Motors, that is, auto companies subsidized and run by the American government. Instead, stop the government bailouts and dictates, and let consumers decide what kind of vehicles they want to drive and which companies make the best cars, SUVs, minivans and trucks at the right price.”

When did AMC get a government subsidy? Chrysler got the subsidy BEFORE they absorbed AMC.

AMC survived for decades with no government help on almost zero budget making innovative cars. As a matter of fact, government regulations is the primary reason AMC ‘went under’.

US economic, union, environmental, trade policies are probably contributing factors in the competitive disadvantages suffered by US auto manufacturers.

Chrysler should not have been bailed out the first time, which may have strengthened GM and Ford and served to influence Government policy reforms.

Socialism is not the answer.

Contrary to popular belief, the last decades were not an example of capitalism gone wild, but of a fascist form of socialism…capitalism is NOT pro-business but pro-free market…there is a clear difference.

Sure, I’m not wild about having to offer loans and guarantees to GM and Chrysler (but Mr. Keating fails to mention that Chrysler paid back the previous loan early and w/ a large amount of interest). He also fails to mention that the only reason Ford didn’t go to the Fed for a “handout” is because they were smart enough to recognize their situation about two years ago when they put the company completely into hoc by leveraging every asset they had–including their trademark blue Ford logo– for about $15 Billion…Something that was just not feasible in this economic climate for Chrysler and GM. And yes, all three companies have been grossly mis-managed and yes, the unions were greedy…There are million reasons for how we got here, but I truly believe that letting GM and Chrysler burn really have to be the absolute last choices. There are too many dependent suppliers, etc. that rely on these companies and the ripple effect could be even more catastrophic.

From a national security standpoint it’s also not a good idea to have our vehicles manufactured by foreign owned companies. Chrysler developed and built many tanks (starting w/ the Sherman which they developed and produced in record time) and all three companies have, in the past, contributed a great many other vehicles to the war effort. While Chrysler sold off that business many years ago, it’s not exactly a smart idea to have so much of our manufacturing capability overseas or in foreign owned hands. I don’t know…Call me paranoid, call me patriotic, call me protectionist, but do you really like the idea of having all or most of our domestic manufacturing foreign owned?

Mr. Keating’s streak continues — yet another column bashing Barack Obama and one that offers no ideas of his own. And apparently it’s OK for the government to step in and subsidize tha fiscal malfeasance of Wall Street, but not the auto manufacturers — probably because unions are involved. We know that unions are just next to the devil in Mr. Keating’s book. Why, we can even renegotiate inviolate contracts with unions, but not banking executives.